Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


COVID-19 hits Ericsson's MEA sales

Article Image
Ericsson's third quarter sales in the Middle East and Africa (MEA) saw a 9% drop year-on-year, to 5.5 billion Swedish kronor (US$630 million), due to macroeconomic uncertainty related to COVID-19 and delayed investments in the region.

The decline was reported in the group's third quarter results, released on Wednesday, and show that the region's sales did however grow by 2% quarter-on-quarter. The MEA region makes up about 10% of group sales.

Ericsson's Middle East and Africa region makes up about 10% of group sales.  (Image source: Ericsson)
Ericsson's Middle East and Africa region makes up about 10% of group sales.
(Image source: Ericsson)

Ericsson said that continued 5G deployments in the Middle East contributed positively to the region's revenue and that managed services sales remained stable, but delayed investments specifically in the networks and digital services segments in Africa pulled MEA sales down.

In fact, quarterly sales in the networks and digital services segments each saw an 11% decline year-on-year, while the category listed as "emerging business and other" dropped by 67%. Managed services for the region however did grow 5% during the year.

Overall, the group's headline sales were up just 1% year-on-year for the third quarter, to SEK57.5 billion ($6.6 billion). North East Asia was the shining star of the group with SEK2.4 billion ($280 million) in revenues, an increase of 39% on the previous year, mainly driven by 5G sales in Mainland China.

Read more on the group results on our sister site Light Reading.

Paula Gilbert, Editor, Connecting Africa

Innovation hub


AI's impact on African telcos

Many African telecommunications companies are turning to artificial intelligence as a differentiator to improve their mobile networks and enhance customer service and experience as they transition from traditional telco offerings into new tech-first verticals.


Four AI trends to look out for in 2024

Connecting Africa has compiled a list of four artificial intelligence (AI) trends to look out for on the African continent in 2024.

More Innovation hub

Latest video

More videos

Upcoming events

AfreGov 2024
March 12-14, 2024
Kigali, Rwanda
Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Sponsored video

More videos

Industry announcements

More Industry announcements

Africa Tech Perspectives


Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.


The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.


Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Partner perspectives

All Partner Perspectives

Guest Perspectives


Omdia View: January 2024

By Omdia Analysts

Highlights in January 2024 in the Middle East and Africa included a $200 million fintech deal between MTN and Mastercard as well as 5G network trials by Telecom Egypt – that and more in this month's Omdia View.


Omdia View: September 2023

By Omdia Analysts

Highlights in September 2023 in the Middle East and Africa included more 5G spectrum licenses, vendor and operator strategies, and partnerships – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up

Sign Up
Tag id test-002